Honeywell Acquires Rocky Research

Rocky Brands Acquires Honeywell Performance and Lifestyle Footwear Business

March 15, 2021

Consumer Products

Rocky Brands, Inc. completed the acquisition of Honeywell’s performance and lifestyle footwear business — including The Original Muck Boot Company and XTRATUF — for $230 million on March 15, 2021. The acquired business generated approximately $205 million of 2020 net revenue and $24.5 million of EBITDA; the purchase was financed with senior credit facilities, a term loan and cash on hand and is intended to significantly expand Rocky Brands' portfolio and scale.

Pueblo Mechanical & Controls (Huron Capital) Acquires Rocky Mountain Mechanical

January 6, 2022

HVAC & Mechanical

Pueblo Mechanical & Controls, a Huron Capital platform, has acquired Rocky Mountain Mechanical, a South Salt Lake, Utah-based HVAC, plumbing and controls contractor. The add-on expands Pueblo's geographic footprint into the Rocky Mountain region; former owner Chad Heward will continue to lead as president of the Rocky Mountain division.

Honeywell to Acquire Johnson Matthey Catalyst Technologies Business (Amended Deal)

May 22, 2025

Industrial Services

Honeywell agreed to acquire Johnson Matthey’s Catalyst Technologies business segment for an amended total consideration of £1.325 billion in an all-cash transaction. The deal is expected to close by the end of August 2026, subject to customary regulatory approvals and conditions.

L3Harris to Acquire Aerojet Rocketdyne

December 18, 2022

Aerospace & Defense

L3Harris Technologies has signed a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. for $58 per share in an all-cash transaction valued at $4.7 billion inclusive of net debt. The deal, financed with cash and new debt, will combine Aerojet Rocketdyne’s propulsion and energetics capabilities (about $2.3 billion in revenue and ~5,200 employees) with L3Harris to strengthen defense propulsion, hypersonics and missile-defense offerings; the transaction is expected to close subject to regulatory approvals in 2023.

Radiance Technologies Acquires Phased n Research

March 31, 2025

Aerospace & Defense

Radiance Technologies, a 100% employee‑owned prime contractor based in Huntsville, Alabama, has acquired Phased n Research, a radar and electronic warfare (EW) engineering firm founded in 2018. The deal brings Phasedn’s radar, modeling & simulation, and EW capabilities into Radiance’s portfolio; founder Dr. Bassem Mahafza will move to an emeritus/advisor role and Dr. Mark Tillman will become President of Phasedn to ensure continuity and alignment with Department of Defense modernization efforts.

Honeywell Acquires Sundyne for $2.16 Billion

June 13, 2025

Industrial Services

Honeywell has completed its $2.16 billion all-cash acquisition of Sundyne from private equity firm Warburg Pincus. Sundyne supplies highly engineered pumps and gas compressors with aftermarket services, which Honeywell will integrate under its Honeywell Forge platform to expand process industry capabilities and aftermarket revenue.